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Jeffrey Smith Starboard Value

AUM $4.52B
1-Year Est. Return 19.34%
 

Jeffrey Smith is the CEO of Starboard Value, one of the most active and successful activist investment firms of the past decade. Starboard is known for detailed operational white papers, board campaigns, and efforts to improve margins and capital allocation at portfolio companies. Smith’s firm is a regular presence in corporate governance and activist-investing news.

This Fund
S&P 500
This Quarter Est. Return
-3.71%
1 Year Est. Return
+19.34%
3 Year Est. Return
+55.97%
5 Year Est. Return
+85.4%
10 Year Est. Return
+430.11%
AUM
$4.55B
AUM Growth
-$954M
Cap. Flow
-$946M
Cap. Flow %
-20.81%
Top 10 Hldgs %
71.53%
Holding
188
New
5
Increased
3
Reduced
11
Closed
11

Top Buys

Rank Stock Value
1
WIX icon
WIX.com
WIX
+$177M
2
IWN icon
iShares Russell 2000 Value ETF
IWN
+$86.7M
3
BOAS
BOA Acquisition Corp.
BOAS
+$4.27M
4
CNTM
ConnectM Technology Solutions, Inc. Common Stock
CNTM
+$3.7M
5
ACAC
Acri Capital Acquisition Corp
ACAC
+$3M

Top Sells

Rank Stock Value
1
GCP
GCP Applied Technologies Inc.
GCP
+$205M
2
ON icon
ON Semiconductor
ON
+$204M
3
ELAN icon
Elanco Animal Health
ELAN
+$113M
4
ACIW icon
ACI Worldwide
ACIW
+$99.2M
5
HUN icon
Huntsman Corp
HUN
+$89.4M

Sector Composition

Rank Sector Weight
1 Technology 36.35%
2 Financials 22.27%
3 Industrials 14.46%
4 Healthcare 14.02%
5 Consumer Discretionary 4.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CPAR
151
DELISTED
Catalyst Partners Acquisition Corp. Class A Ordinary Share
CPAR
$2M 0.04%
203,250
– –
FLYX icon
152
flyExclusive
FLYX
$134M
$1.99M 0.04%
203,250
– –
HHLA
153
DELISTED
HH&L Acquisition Co.
HHLA
$1.99M 0.04%
200,000
– –
AAC
154
DELISTED
Ares Acquisition Corporation
AAC
$1.99M 0.04%
200,000
– –
ACDI
155
DELISTED
Ascendant Digital Acquisition Corp. III
ACDI
$1.84M 0.04%
181,259
– –
APCA
156
DELISTED
AP Acquisition Corp
APCA
$1.79M 0.04%
176,348
– –
PHYT
157
DELISTED
Pyrophyte Acquisition Corp.
PHYT
$1.7M 0.04%
167,800
– –
VMGA
158
DELISTED
VMG Consumer Acquisition Corp. Class A Common Stock
VMGA
$1.69M 0.04%
168,200
– –
NFNT
159
DELISTED
Infinite Acquisition Corp.
NFNT
$1.68M 0.04%
168,200
– –
FLYA
160
DELISTED
SOAR Technology Acquisition Corp.
FLYA
$1.67M 0.04%
161,990
– –
OCEA
161
DELISTED
Ocean Biomedical, Inc. Common Stock
OCEA
$1.47M 0.03%
144,169
– –
LFAC
162
DELISTED
LF Capital Acquisition Corp. II Class A Common Stock
LFAC
$1.41M 0.03%
140,326
– –
TCVA
163
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
$1.34M 0.03%
136,910
– –
RCFA
164
DELISTED
Perception Capital Corp. IV
RCFA
$1.28M 0.03%
127,050
– –
ADAL
165
DELISTED
Anthemis Digital Acquisitions I Corp Class A Ordinary Shares
ADAL
$1.27M 0.03%
125,850
– –
DEVS
166
DELISTED
DevvStream Corp
DEVS
$1.26M 0.03%
12,585
– –
PRBM
167
DELISTED
Parabellum Acquisition Corp.
PRBM
$1.24M 0.03%
125,200
– –
IQMD
168
DELISTED
Intelligent Medicine Acquisition Corp. Class A Common Stock
IQMD
$1.08M 0.02%
106,893
– –
BRD
169
DELISTED
Beard Energy Transition Acquisition Corp.
BRD
$1.05M 0.02%
105,125
– –
CIIG
170
DELISTED
CIIG Capital Partners II, Inc. Class A Common Stock
CIIG
$878K 0.02%
88,551
– –
BCSA
171
DELISTED
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
$848K 0.02%
84,100
– –
OKLO
172
Oklo
OKLO
$7.83B
$803K 0.02%
82,300
– –
CHEA
173
DELISTED
Chenghe Acquisition Co. Class A Ordinary Share
CHEA
$504K 0.01%
50,000
– –
LVAC
174
DELISTED
LAVA Medtech Acquisition Corp. Class A Common Stock
LVAC
$421K 0.01%
41,950
– –
CERO
175
DELISTED
CERo Therapeutics
CERO
$215K ﹤0.01%
11
– –
4 5 6
7
8

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Jeffrey Smith's Q3 2022 Portfolio in Review

As of Q3 2022, Jeffrey Smith held 188 positions worth $4.55B, down 17% from $5.5B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Jeffrey Smith withdrew a net $946M in Q3 2022, closing 11 positions and reducing 11 holdings. Its most notable exit was GCP Applied Technologies Inc., an estimated $205M position sold in full.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 33% a quarter earlier, followed by Financials and Industrials.

Against the trend, Jeffrey Smith opened a new position in WIX.com worth $201M.

  • Jeffrey Smith's largest Q3 2022 buy was WIX.com: 2,567,966 shares worth $201M.
  • Jeffrey Smith added most to Atlantic Coastal Acquisition Corp. Class A Common Stock in Q3 2022, an estimated $2.94M increase.
  • Jeffrey Smith's biggest Q3 2022 reduction was ON Semiconductor, cutting an estimated $204M.
  • Jeffrey Smith fully exited GCP Applied Technologies Inc. in Q3 2022, selling an estimated $205M.
  • Jeffrey Smith's ten largest holdings make up 72% of its $4.55B portfolio in Q3 2022.
  • Jeffrey Smith opened 5 new positions and closed 11 in Q3 2022.
  • Jeffrey Smith's portfolio value fell 17% quarter-over-quarter to $4.55B.

Based on Starboard Value's 13F filing for Q3 2022, filed 14 Nov 2022.